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STOCK OPTIONS (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Stock Options And Stock Awards
The status of the Company's stock options is summarized as follows:
Number of options Weighted average exercise price
Outstanding at December 31, 20183,254,779 $3.18 
Granted1,379,500 7.70 
Exercised(410,635)2.99 
Canceled and forfeited(256,785)4.76 
Outstanding at December 31, 20193,966,858 $4.67 
Granted1,376,900 7.94 
Exercised(112,965)3.37 
Canceled and forfeited(291,850)7.19 
Outstanding at December 31, 20204,938,943 $5.46 
Number of Weighted Average Grant-Date Fair Values of Options
Number of optionsWeighted average grant date fair value
Non-vested at December 31, 20191,484,929 $4.11 
Granted1,376,900 4.78 
Vested(665,510)3.77 
Forfeited(151,850)4.53 
Non-vested at December 31, 20202,044,469 $4.61 
Schedule of Option Fair Value Assumptions Inputs used in the valuation models are as follows:
2020 Grants2019 Grants
Option value$4.98$8.18$7.15$7.91
Risk-free rate0.3%-1.7%1.7%2.6%
Expected dividend yield—%—%
Expected volatility65.9%-70.1%64.9%66.4%
Expected term (in years)64.5-6